2014-11-13T11:58:46-06:00 2014-06-30 010242373 MACPAGE LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 04106 990 2013-07-01 043350930 UNIVERSITY OF SOUTHERN MAINE FOUNDATION UNIV 2077804741 96 FALMOUTH STREET PORTLAND ME 041049300 CECILE AITCHISON PRESIDENT & CEO 2077804741 2014-10-29 1 PATRICK NICHOLAS P00289567 2077745701 X 2013 2015-11-30 17:44:51Z CECILE AITCHISON 96 FALMOUTH STREET PORTLAND ME 041049300 1290400 0 X WWW.USM.MAINE.EDU/FOUNDATION X 1996 ME SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE. 13 13 0 23 0 0 1533426 953194 0 0 278362 337206 0 0 1811788 1290400 1961263 1161002 0 0 0 0 0 0 54899 224418 260460 2185681 1421462 -373893 -131062 19762216 22028021 279750 183811 19482466 21844210 SUPPORT FOR THE UNIVERSITY OF SOUTHERN MAINE. 0 0 1161002 1161002 RAISED SCHOLARSHIP FUNDS FOR STUDENTS STUDYING SCIENCE, TECHNOLOGY, ENGINEERING, HEALTH, EDUCATION, MUSIC, NURSING, AND FOR STUDENTS STUDYING AT THE LEWISTON-AUBURN CAMPUS. RAISED FUNDS IN SUPPORT OF USM FACILITIES, SPECIFICALLY FOR SOLAR ENERGY ON THE PORTLAND CAMPUS AND IMPROVEMENTS TO THE ATHLETIC FIELD ON THE GORHAM CAMPUS. RECEIVED DONATIONS TO ASSIST IN SUPPLYING THE OSHER MAP LIBRARY, HOUSED AT THE UNIVERSITY OF SOUTHERN MAINE, WITH MAPS, BOOKS AND ARTIFACTS. ADDITIONALLY, RECEIVED FUNDS TO SUPPORT LGBT COLLECTIONS. CONTINUED TO INVEST ENDOWMENTS PRUDENTLY AND RESPONSIBLY IN ORDER TO PROVIDE INCOME FOR SCHOLARSHIPS, PROFESSORSHIPS, STAFF DEVELOPMENT AND OPERATIONS WHICH ALL BENEFIT THE UNIVERSITY OF SOUTHERN MAINE. 1161002 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X KAREN PELLETIER 2077804741 96 FALMOUTH ST PORTLAND ME 04104 X RICHARD J VAIL CHAIR 0.70 X X 0 0 0 JAMES GEARY TREASURER 0.40 X X 0 0 0 JON S OXMAN SECRETARY 0.30 X X 0 0 0 STEPHEN ANDERSON DIRECTOR 0.30 X 0 0 0 DANIEL CREWE DIRECTOR 0.20 X 0 0 0 ROBERT BLACKWOOD DIRECTOR 0.30 X 0 0 0 CYRUS HAGGE DIRECTOR 0.10 X 0 0 0 ERIN HURLEY DIRECTOR 0.10 X 0 0 0 EDWARD MCKERSIE DIRECTOR 0.20 X 0 0 0 JOYCE CASSIDY DIRECTOR 0.20 X 0 0 0 TONY SHALHOUB DIRECTOR 0.00 X 0 0 0 THEODORA KALIKOW EX-OFFICIO 0.10 X 0 0 0 CECILE AITCHISON PRESIDENT & CEO 12.00 X X 0 0 0 0 0 0 0 0 0 0 0 953194 610773 953194 337206 337206 1290400 0 0 337206 1161002 1161002 181244 126345 54899 940 940 14050 14050 27025 27025 6859 6859 1579 1579 854 854 3605 3605 BAD DEBTS 24304 24304 1421462 1161002 205561 54899 174403 1488373 1290235 772739 482569 23862 23452 1263 410 17522093 20000941 1483 55728 19762216 22028021 39939 40409 239811 143402 279750 183811 X 582847 606911 4459123 6347130 14440496 14890169 19482466 21844210 19762216 22028021 X -131062 2411639 81167 X 0 1 X 1 0 X 1510819 1176993 576077 1533426 953194 5750509 1510819 1176993 576077 1533426 953194 5750509 2434930 3315579 178536 461658 267400 278510 337206 1523310 7273819 0.45580 0.38180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 27025 0 0 0 27025 0 PART II-B, LINE 1: EXPENDED UNRESTRICTED FUNDS IN SUPPORT OF A STATE BOND INITIATIVE TO UPDATE AND IMPROVE EXISTING LABORATORY AND CLASSROOM FACILITIES AT THE UNIVERSITY OF MAINE SYSTEM. 16992446 512644 2746812 663705 19588197 15660851 161985 1891005 721395 16992446 16066330 529080 -323276 611283 15660851 13139767 583024 2781805 438266 16066330 11428784 720818 1166691 176526 13139767 0.76000 0.24000 1 0 23862 23452 410 410 BENEFICIAL INTEREST IN CHAR REM TRUST 104471 F NET INVESTMENT IN DIRECT FINANCING LEASE 308273 F UMAINE SYSTEM INVESTMENT POOL 19588197 C 20000941 DUE TO UNIVERSITY OF SOUTHERN MAINE 143402 143402 X 4064183 2411638 280978 81167 2773783 1290400 0 1290400 1702439 280978 280978 1421461 1 1 1421462 PART V, LINE 4: ENDOWMENT FUNDS ARE TO BE USED FOR SCHOLARSHIPS, PROFESSORSHIPS AND OPERATIONS. PART X, LINE 2: MANAGEMENT EVALUATES ITS TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZES A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT CONCLUDED THAT THE FOUNDATION HAS MAINTAINED ITS TAX EXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST 81,167. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. 1 UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 315025 USM PROGRAMS & CAPITAL PROJECTS UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 639499 ENDOWMENT INCOME GIFTED TO USM UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 199063 VENDOR VALUATION AND INVOICES DONOR'S GIFT FOR THE PURCHASE OF RARE BOOKS AND MAPS OSHER MAP LIBRARY COLLECTION UNIVERSITY OF SOUTHERN MAINE 14 CENTRAL ST BANGOR ME 04401 016000769 7415 CHANGE IN DISCOUNT - CONSTRUCTION 1 PART I, LINE 2: FOR RESTRICTED GIFTS - AN INVOICING SYSTEM IS USED IN ACCORDANCE WITH AN OPERATING AGREEMENT ESTABLISHED WITH THE UNIVERSITY OF MAINE SYSTEM, AND CONSISTENT WITH THE DONOR'S INTENTIONS. FOR ENDOWMENT INCOME GIFTED - THE FUNDS ARE REMITTED TO UNIVERSITY OF MAINE SYSTEM TO BE USED IN ACCORDANCE WITH DONOR AGREEMENTS. X 9 610773 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 3 LINE 3 EXPLANATION - THE FOUNDATION PAYS A MANAGEMENT FEE TO THE UNIVERSITY OF MAINE SYSTEM FOR STAFF SUPPORT. MANAGEMENT DUTIES WERE PROVIDED AND PAID FOR BY THE UNIVERSITY. FORM 990, PART VI, SECTION B, LINE 11 LINE 11A EXPLANATION - THE RETURN IS PREPARED BY OUR OUTSIDE AUDITORS IN CONJUCTION WITH INFORMATION PROVIDED BY THE FOUNDATION'S ACCOUNTANT. THE DRAFT RETURN IS PROVIDED TO THE FOUNDATION'S FINANCE & AUDIT COMMITTEE FOR REVIEW AND DISCUSSION. THE FINAL DRAFT RETURN IS REVIEWED BY THE FOUNDATION'S FINANCE DIRECTOR AND THEN PROVIDED TO THE FOUNDATION'S BOARD OF DIRECTORS FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS WITH VOTING AUTHORITY ANNUALLY COMPLETE USM FOUNDATION'S CODE OF ETHICS AND CONFLICT OF INTEREST AGREEMENTS. A CHECKLIST IS MAINTAINED TRACKING ALL FORMS RECEIVED AND REVIEWED FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE UNIVERSITY OF MAINE SYSTEM REVIEWS AND APPROVES THE COMPENSATION FOR THE PRESIDENT/CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION DOES MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST 81,167.